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+Article 501a 2. |
Article 501a 2.For the purposes of point (e) of paragraph 1, the cash flows generated shall not be considered predictable unless a substantial part of the revenues satisfies the following conditions:
(a)
one of the following criteria is met:
(i)
the revenues are availability-based;
(ii)
the revenues are subject to a rate-of-return regulation;
(iii)
the revenues are subject to a take-or-pay contract;
(iv)
the level of output or the usage and the price shall independently meet one of the following criteria:
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it is regulated,
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it is contractually fixed,
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it is sufficiently predictable as a result of low demand risk;
(b)
where the revenues of the obligor are not funded by payments from a large number of users, the party which agrees to purchase the goods or services provided by the obligor shall be one of the following:
(i)
a central bank, a central government, a regional government or a local authority, provided that they are assigned a risk weight of 0 % in accordance with Articles 114 and 115 or are assigned an ECAI rating with a credit quality step of at least 3;
(ii)
a public sector entity, provided that it is assigned a risk weight of 20 % or below in accordance with Article 116 or is assigned an ECAI rating with a credit quality step of at least 3;
(iii)
a multilateral development bank referred to in Article 117(2);
(iv)
an international organisation referred to in Article 118;
(v)
a corporate entity which has been assigned an ECAI rating with a credit quality step of at least 3;
(vi)
an entity that is replaceable without a significant change in the level and timing of revenues. 1. Übersicht
1.1 Referenzen1.2 Identifizierte Anforderungen1.3 Zugehörige Standards2. Identifizierte Anforderungen
3. Zugehörige Standards
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